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Novartis CEO says no decision has been taken on Sandoz

By:
Reuters
Updated: Jan 10, 2022, 14:12 UTC

ZURICH (Reuters) - Novartis has not decided what to do with its Sandoz generics unit after announcing a strategic review of the business last year, its chief executive said on Monday.

Swiss drugmaker Novartis' logo is seen in Stein

ZURICH (Reuters) – Novartis has not decided what to do with its Sandoz generics unit after announcing a strategic review of the business last year, its chief executive said on Monday.

“No decision has been taken on Sandoz, we continue to evaluate the options,” Vas Narasimhan said at the J.P. Morgan Healthcare conference. He also said the Swiss drugmaker continued to look for value-creating bolt-on acquisitions.

(Reporting by Silke Koltrowitz; Editing by Michael Shields)

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